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Auslanco - GBP/JPY and GBP/USD (newstrade)

  • #218,101
  • Mar 11, 2010 2:17pm Mar 11, 2010 2:17pm
Quoting crazy horse
i tihnk the traders in U/c gonna get screwd. im myself are long ..

who sweat with me now ? anyone ..
Seems most that are talking here are speaking long (I'm long also)... I didn't follow your statement, you think longs are screwed?
check out my blog: forexmademillionaire dot com
  • #218,102
  • Mar 11, 2010 2:22pm Mar 11, 2010 2:22pm
Quoting crazy horse
i tihnk the traders in U/c gonna get screwd. im myself are long ..

who sweat with me now ? anyone ..

WE NEED SERIUOSLY A SPIKE IN THIS HOUR
it will come back up.....don't worry.......patience!
  • #218,103
  • Mar 11, 2010 2:22pm Mar 11, 2010 2:22pm
Quoting crazy horse
i tihnk the traders in U/c gonna get screwd. im myself are long ..

who sweat with me now ? anyone ..

WE NEED SERIUOSLY A SPIKE IN THIS HOUR
Daily candle so far is Inverted hammer, we need to get a close above prior candle low @1.0217 [Higher low] to bullish inverted hammer play out, I'm long in GCad. I hope so, watching closely the Cad index.
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #218,104
  • Mar 11, 2010 2:24pm Mar 11, 2010 2:24pm
Quoting Geppy
Seems most that are talking here are speaking long (I'm long also)... I didn't follow your statement, you think longs are screwed?

BELOW 1.0230 ,I THINK WE are srewd ... thats the last supp,then 1.02

we need a spike on this hour
  • #218,105
  • Mar 11, 2010 2:29pm Mar 11, 2010 2:29pm
Intraday Market Thought - from Ashraf Laidi

2010.03.11 12:40: Revisiting the S&P500 and VIX charts in Monday's article showing how the S&P500 / VIX ratio is unable to break above the 65 resistance. 65 = the ratio. A higher ratio corresponds to higher S&P relative to VIX, hence bullish for markets and vice versa. Today, the S&P500 / VIX Ratio is at 60, down 5 points from Monday, which supports my anticipation for underperformance in S&P500 relative to the VIX. My forecast for a Chinese rate hike tomorrow (see previous note) and possible disappointment in US retail sales could well drag down the ratio further down. Note how that 65 level also coincided with the 200-week moving average. http://bit.ly/b3SlDw
  • #218,106
  • Mar 11, 2010 2:32pm Mar 11, 2010 2:32pm
Quoting JhonMonsalve
Daily candle so far is Inverted hammer, we need to get a close above prior candle low @1.0217 [Higher low] to bullish inverted hammer play out, I'm long in GCad. I hope so, watching closely the Cad index.

is an inverted hammer powerful for reversals?
i personally dont like inverted hammers as reversals.i like a hammer more than a inverted one
  • #218,107
  • Mar 11, 2010 2:33pm Mar 11, 2010 2:33pm
A very interesting few sessions ahead I think.

Looks likely that the weekly high will be tested sometime over the next few sessions. ES is also likely to re-test the previous high. The two are linked IMO. If ES decides to break through, then so will GY, UY and AY.

BUT, and it's a big but; charts are telling me that GY is looking tired and with some quite strong bearish divergence building on the 1hr and 4hr TFs, a rapid drop is on the cards.

The following 2 charts should explain.

Attached Image (click to enlarge)
Click to Enlarge Name: 1hr gy.gif Size: 26 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 1hr gy 2.gif Size: 19 KB


Notice the falling momentum on both the MACD and Acceleration Oscillator, falling volumes as GY has continued to climb and the bearish divergences.

I expect a pop up where I will be looking for shorts.
  • #218,108
  • Mar 11, 2010 2:39pm Mar 11, 2010 2:39pm
Quoting Beljevina
Intraday Market Thought - from Ashraf Laidi

2010.03.11 12:40: Revisiting the S&P500 and VIX charts in Monday's article showing how the S&P500 / VIX ratio is unable to break above the 65 resistance. 65 = the ratio. A higher ratio corresponds to higher S&P relative to VIX, hence bullish for markets and vice versa. Today, the S&P500 / VIX Ratio is at 60, down 5 points from Monday, which supports my anticipation for underperformance in S&P500 relative to the VIX. My forecast for a Chinese rate hike tomorrow (see previous note) and possible disappointment...
Rate hike from china is negative ?
COT: The precious data ignored
  • #218,109
  • Mar 11, 2010 2:46pm Mar 11, 2010 2:46pm
Quoting crazy horse
is an inverted hammer powerful for reversals?
i personally dont like inverted hammers as reversals.i like a hammer more than a inverted one
Is not so powerful, but important thing here is previous PA, check past candles in UCad, that's why I'm trading GCad better, look:

http://www.forexfactory.com/showpost...ostcount=10262

The pound is bouncing from its lows: Bullish Hammer + long white candle [Confirmation] + Double bottom on daily charts.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpdaily.gif Size: 14 KB


Now look at daily candle for CAD index: Bearish accumulation around 1.72, sell off and Hanging Man [Candle isn't close yet]

Attached Image (click to enlarge)
Click to Enlarge Name: caddaily.gif Size: 15 KB


That's why I'm long in GCad, don't ask me about $ index
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #218,110
  • Mar 11, 2010 2:56pm Mar 11, 2010 2:56pm
Quoting JhonMonsalve
Is not so powerful, but important thing here is previous PA, check past candles in UCad, that's why I'm trading GCad better, look:

http://www.forexfactory.com/showpost...ostcount=10262

The pound is bouncing from its lows: Bullish Hammer + long white candle [Confirmation] + Double bottom on daily charts.

Attachment

Now look at daily candle for CAD index: Bearish accumulation around 1.72, sell off and Hanging Man [Candle isn't close yet]

Attachment

That's why I'm long in GCad, don't ask...
ive just look at gbp/cad..it look pretty damm good for longs !!
  • #218,111
  • Mar 11, 2010 3:00pm Mar 11, 2010 3:00pm
Quoting crazy horse
is an inverted hammer powerful for reversals?
i personally dont like inverted hammers as reversals.i like a hammer more than a inverted one
candle stick patterns do not give price target, therefore it should not be judged by which candle stick patterns are more powerful, imho.
  • #218,112
  • Mar 11, 2010 3:03pm Mar 11, 2010 3:03pm
Gbp/nzd is great for longs. Huge pin bars on daily and weekly
  • #218,113
  • Mar 11, 2010 3:11pm Mar 11, 2010 3:11pm
136.50 for confirmation breakout to the fib levels

GJ breakout to 139-141 level

First target @ 139.00 61.8% fib level

Second target @ 141.00 76.8% fib level

Trade your charts..

Overall bearish on the higher TF's

I buildup a large base for longs..

Enjoy the bear rally..

Next week should be interesting...

Attached Image(s) (click to enlarge)
Click to Enlarge Name: chart#1.gif Size: 29 KB
Click to Enlarge Name: chart#2.gif Size: 28 KB
[
  • #218,114
  • Mar 11, 2010 3:12pm Mar 11, 2010 3:12pm
if i close u/cad and open the same size on gbp/cad,i would be better off,

just swap the 2

i cant take both , already in for 600k ?

do we all agree gbp is a better option than the usd ? it bugger me last nite,cause im long eur and short chf vs USD ,but now long USD vs CAD

and i think gbp/cad had more room to the upside than USD/cad

i dont know . a bit confused right now
  • #218,115
  • Mar 11, 2010 3:12pm Mar 11, 2010 3:12pm
Quoting rgitt05
136.50 for confirmation breakout to the fib levels

GJ breakout to 139-141 level

First target @ 139.00 61.8% fib level

Second target @ 141.00 76.8% fib level

Trade your charts..

Overall bearish on the higher TF's

I buildup a large base for longs..

Enjoy the bear rally..

Next week should be interesting...

thanks for the chart bro.
  • #218,116
  • Mar 11, 2010 3:15pm Mar 11, 2010 3:15pm
Quoting rgitt05
136.50 for confirmation breakout to the fib levels

GJ breakout to 139-141 level

First target @ 139.00 61.8% fib level

Second target @ 141.00 76.8% fib level

Trade your charts..

Overall bearish on the higher TF's

I buildup a large base for longs..

Enjoy the bear rally..

Next week should be interesting...

You're on the ball, as always
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #218,117
  • Mar 11, 2010 3:19pm Mar 11, 2010 3:19pm
Daily GJ perspective..

136 confirm the breakout from the previous two daily candles for bull rally

139.00 first stop and UTL
141.00 second stop for the extreme PA before possible reversal to test the lows..

Fundamentals from Greece and feds regulation next week should help bring this GJ down.. If 141 breaks than 144,148 next stop

Wait and See!!!

IMHO

Trade your charts

Attached Image (click to enlarge)
Click to Enlarge Name: chart#3.gif Size: 35 KB
[
  • #218,118
  • Mar 11, 2010 3:20pm Mar 11, 2010 3:20pm
Quoting crazy horse
if i close u/cad and open the same size on gbp/cad,i would be better off,

just swap the 2

i cant take both , already in for 600k ?

do we all agree gbp is a better option than the usd ? it bugger me last nite,cause im long eur and short chf vs USD ,but now long USD vs CAD

and i think gbp/cad had more room to the upside than USD/cad

i dont know . a bit confused right now
Is your choice, we all share ideas and/or analysis only, trading stuff is your business. B/c is your account
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #218,119
  • Mar 11, 2010 3:21pm Mar 11, 2010 3:21pm
Quoting rgitt05
Daily GJ perspective..

136 confirm the breakout from the previous two daily candles for bull rally

139.00 first stop and UTL
141.00 second stop for the extreme PA before possible reversal to test the lows..

Fundamentals from Greece and feds regulation next week should help bring this GJ down.. If 141 breaks than 144,148 next stop

Wait and See!!!

IMHO

Trade your charts

Why do you count the red candles Rob? In your chart.
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #218,120
  • Mar 11, 2010 3:23pm Mar 11, 2010 3:23pm
Quoting rgitt05
136.50 for confirmation breakout to the fib levels

GJ breakout to 139-141 level

First target @ 139.00 61.8% fib level

Second target @ 141.00 76.8% fib level

Trade your charts..

Overall bearish on the higher TF's

I buildup a large base for longs..

Enjoy the bear rally..

Next week should be interesting...

Yep we are on the same page. . . In order to see 139.25 we need a daily close above 136.55 and right now it looks like it was rejected on the 1st attempt this a.m. CST. . .

the daily swing suggest we may see a pullback to at least 134.30 area with a pitstop at DPP. . .

The move up is on extremely low volume and is being met with bearish divergence on the 1hr chart and relatively flat on the 4h hour chart. . .

Not sure how much longer this up move will last before we see a slap back down. . .

BTW - not expecting to see a significant move up until later this year so I see a bounce lower 130/129 area before a significant move up and when we do go up 139.25 will be taken. . . and it will not look back. . .

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